According to Ashutosh Sharma, Secretary, Department of Science and Technology (DST), in the 2016-17 financial year, it will provide seed capital to 50-80 new ventures with funding ranging from Rs 50 lakh to Rs 1 crore per company.
17 Mar 2016, 3.38 pm | Source: PTI
"Various fees and cess related to mining have been reduced considerably. This reduction, coupled with Export duty exemption (on ore) announced by the Central government will help in resuming mining activity in the state," Goa Cham...
17 Mar 2016, 10.25 am | Source: PTI
Striking associations in different parts of the country have decided to hold a protest rally in Ramlila Maidan here tomorrow against the proposal, said All India Sarafa Association Vice-President, Surinder Kumar Jain.
16 Mar 2016, 4.55 pm | Source: PTI
Participating in a debate on the Budget 2016-17, Tariq Anwar (NCP) targeted Prime Minister Narendra Modi for giving full marks to it, saying he was acting as an examinee as well as examiner himself.
14 Mar 2016, 5.12 pm | Source: PTI
In the Budget, the government has pegged gross market borrowing at Rs 6 lakh crore, up from Rs 5.8 lakh crore in the ongoing fiscal. Gross borrowing includes repayments of past loans and interests.
11 Mar 2016, 2.52 pm | Source: PTI
The government has been meeting its fiscal deficit targets on the back of the aam aadmi instead of boosting the real incomes of the poor by cutting indirect taxes, Tharoor said.
11 Mar 2016, 11.12 am | Source: PTI
In his Budget speech last month, Finance Minister Arun Jaitley had said there is now a school of thought which believes that instead of fixed numbers as fiscal deficit targets, it may be better to have a fiscal deficit range as th...
10 Mar 2016, 11.39 am | Source: PTI
At a meeting of the BJP parliamentary party, where Prime Minister Narendra Modi was present, party chief Amit Shah told MPs that the they should take "Budget to the people" by highlighting the schemes and ensure that the benefits ...
09 Mar 2016, 5.37 pm | Source: PTI
Members of over 358 associations related to jewellery trade and related businesses are on strike since March 2 to demand withdrawal of the proposed 1 percent excise duty announced in the Union Budget.
09 Mar 2016, 8.21 am | Source: PTI
Finance Minister Arun Jaitley today said the government will roll back its Budget proposal that sought to levy tax on withdrawal of funds from Employee Provident Fund (EPF).
08 Mar 2016, 9.58 pm | Source: PTI
Rahul Gandhi had urged Prime Minister Narendra Modi to roll back the proposal for taxing EPF withdrawals to instil confidence among employees.
08 Mar 2016, 9.25 pm | Source: IBNLive.com
The Finance Minister is expected to speak on EPF tax proposal in the Lok Sabha after 12 noon. Modi had reportedly asked Jaitley to reconsider the Budgetary proposal under which a part of the EPF withdrawal will be taxed, according...
08 Mar 2016, 4.26 pm | Source: IBNLive.com
An all-time high agricultural credit of Rs. 9 lakh crore as well as provision of Rs. 15000 crore towards interest subvention to reduce burden of loan repayment is a very important announcement.
08 Mar 2016, 3.28 pm | Source: Moneycontrol.com
The petition, which was started by a finance professional from Gurgaon, Vaibhav Aggarwal, had got the support of over 2.5 lakh people who sought urgent and immediate withdrawal of EPF tax that was announced in the Budget.
08 Mar 2016, 3.17 pm | Source: PTI
Mamata Banerjee statement came soon after union Finance Minister Arun Jaitley withdrew his Budget proposal to tax employees' provident fund (EPF) at withdrawal.
08 Mar 2016, 2.31 pm | Source: PTI
All India Sarafa Association Vice-President Surinder Kumar Jain said the strike will go on for an indefinite period until the government rolls back the proposal.
08 Mar 2016, 2.18 pm | Source: PTI
In an interview with CNBC-TV18, RG Rajan, CMD of RCF said that the direct benefit transfer for fertilisers announced in the Budget is a 'welcome step'.
08 Mar 2016, 12.31 pm | Source: CNBC-TV18
So, while the government's decision to tax 40 percent withdrawal under PF comes as a taxing step for EPFO, it has come as a bonanza for the pension fund industry as it hopes that the move will help increase investment coming under...
08 Mar 2016, 9.02 am | Source: PTI
Jewellers have been on a strike since March 2, protesting against the proposed excise duty imposition on non-silver jewellery items made in the Budget 2016-17 as well mandatory quoting of PAN by customers for transaction of Rs 2 l...
08 Mar 2016, 8.31 am | Source: PTI
Despite initial scare on proposal like tax on higher dividend distribution, the much awaited Budget saw bulls prevailing upon the bears as investors digested Finance Minister's resolve for fiscal prudence and keep deficit at 3.5 p...
05 Mar 2016, 3.17 pm | Source: PTI
The Credai members also thanked the Urban Development Minister Venkaiah Naidu for his stewardship of real estate sector and suggested that affordable housing should be defined as units up to 60 square meters in metros and 90 squar...
05 Mar 2016, 1.48 pm | Source: PTI
GJF along with All India Jewellery Associations has decided to extend the strike till March 7. Jewellers went on strike for three days from March 2.
04 Mar 2016, 9.58 pm | Source: PTI
According to the data shared by Minister of State for Food Processing Sadhvi Niranjan Jyoti in a written reply in Rajya Sabha, the sector has attracted USD 5,285.66 million FDI during April 2012 to December 2015.
04 Mar 2016, 3.36 pm | Source: PTI
In the Budget 2016-17, Finance Minister Arun Jaitley has announced 100 percent FDI through government approval route in the marketing of food products produced and manufactured in India.
04 Mar 2016, 3.36 pm | Source: PTI
"The Finance Minister had his own limitations in terms of resources... You know how much the bill is going to come for 1 percent deduction? It means the government has to take a hit of Rs 15,000 crore," Revenue Secretary Hasmukh A...
04 Mar 2016, 12.02 pm | Source: PTI
The government has allocated a total outlay of Rs 2.21 lakh crore in the Budget for 2016-17 to boost infrastructure in the country.
04 Mar 2016, 11.40 am | Source: PTI
"Budget has been a very innovative and creative and a very smart budget. It has provided huge thrust to agriculture sector... an impetus to infrastructure. Allocation for social sector like health has gone up," Kant said in a hack...
04 Mar 2016, 11.19 am | Source: PTI
While the government wants to offer some benefit to economically weaker sections of the society, there is also an attempt to bring in change by making pensions available to public at large.
04 Mar 2016, 11.11 am | Source: Moneycontrol.com
Alok Patnia explains government’s five point agenda for personal taxation in India.
04 Mar 2016, 11.00 am | Source: Moneycontrol.com
Finance Minister Arun Jaitley increased spending on farm and social sectors in the 2016-17 fiscal year on Monday in a boost to rural India, where most of the country's 1.3 billion people live.
04 Mar 2016, 8.10 am | Source: Reuters